If you’re thinking of going green now is the best time to do so. Data from a recent survey shows more homeowners want to install solar panels on their homes.
Join the growing number of Americans who plan to install these devices. Installing solar panels on your home will bring forth many benefits. Read this guide to learn more about the benefits of solar panel installation.
The Federal Solar Tax Credit
In 2005, the Energy Policy Act was signed into law by President Bush. This law allows the government to give homeowners tax incentives. The goal is to encourage them to make the change to renewable energy.
The Biden administration made changes to this tax credit. Homeowners who install solar panels may be eligible for a federal solar tax credit, but it’s not the same amount as before.
This credit can cover up to 22% of the total cost of installing the solar panel system. The credit will go down by next year, so if you want to take advantage of this tax credit, the time to act is now.
Lower Electric Bill
If you love to save money on your electric bill, you’ll want to consider installing solar panels on your home. If it seems that your electric bill keeps going up, you can lower it by using sustainable energy.
Solar energy is a great source of sustainable energy. In many states, homeowners can offset electric costs with the energy their solar panels produce.
If this is an option that a utility company offers, the company will buy the excess energy. This will appear as a credit on the homeowner’s electric bill.
Increase Your Home’s Resale Value
A bonus of installing solar panels is an increase in the value of your home. If this is a benefit you want to get, you’ll need to buy solar panels. Leasing solar panels don’t qualify homeowners for this benefit.
In the end, you’ll recoup the investment you made. You can expect a significant increase in your home’s value.
The environment will also benefit if you install solar panels. Homeowners who have solar panels on their homes can reduce their carbon footprint.
Solar energy can produce power without giving off emissions that can hurt the environment. This type of renewable energy can cut down on the use of fossil fuels that provide power to most homes. This helps to keep the planet clean.
If you want to go green by installing solar panels contact the Blue Raven Solar company.
Going Green Is the Way to Go
Don’t think any longer about installing solar panels. Going green now will allow you to take advantage of all the benefits.
Take advantage of the federal solar tax credit. Lower the cost of your electric bill and increase your home’s value. Best of all, help out the planet.
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